Us Tariff Hikes

Tariffs, AI boom could test global growth's resilience, OECD says

OECD head Mathias Cormann said the trade shocks triggered by US President Donald Trump's tariff hikes had so far proved relatively mild, but added their costs were likely to rise

India expects US trade deal by end of 2025 as most issues resolved: Report

The US imposed tariffs of up to 50% on imports from India starting in late August even as negotiations between the two countries continued

India rejects IMF view that US tariffs will stay indefinitely, hit growth

The IMF identified further escalation of trade tensions and deepening geoeconomic fragmentation as a significant near-term risk for India

Lula stares down Donald Trump and scores tariff victory for Brazil

In an executive order, Trump exempted dozens of Brazilian food products, including coffee and beef, from the 40% increased tariffs he imposed in an ill-fated attempt to help former President Jair

US trade deficit shrinks in August as imports see steep drop post-tariffs

The report, which was initially scheduled for release on October 7, was delayed because of the recently ended 43-day shutdown of the government

India to gain as US rolls back tariffs on key farm goods: Commerce minister

India is expected to gain from the US decision to roll back reciprocal tariffs on certain agricultural products such as tea, coffee and spices, the commerce ministry said on Monday. A White House Executive Order issued on November 12 excludes coffee, tea, tropical fruits, fruit juices, cocoa, spices, bananas, oranges, tomatoes, beef and certain fertilisers from the April 2 reciprocal tariff regime. The exemptions took effect on November 13. The Commerce Ministry said that while this applies to all trading partners, it creates a level playing field for Indian exporters. India exports these goods worth over USD 1 billion annually. These products included fruits and nuts, processed foods, spices, tea and coffee, essential oils, and vegetable and edible roots. "Now our exports will have a level playing field," Joint Secretary in the Department of Commerce Darpan Jain told reporters here. However, think tank GTRI has said that India will have a small gain from the US move. "India has

Gold may stay choppy ahead of US jobs data, Fed meeting minutes: Analysts

Gold prices are likely to remain volatile in the coming week but may find support as focus shifts to key US economic data releases, including jobs report and the Federal Reserve's meeting minutes for fresh signals on the interest rate decision, analysts said. Investors will also closely watch Federal Reserve Chair Jerome Powell's speech on Wednesday. Along with comments from other Fed officials throughout the week which will drive the gold prices, they added. "The volatility is expected to remain high, but prices may find some support... Focus will be on the US economic data releases, which may give some clues on the health of the American economy & possible some direction on the Fed's rate outlook," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On a weekly basis, gold futures for December delivery climbed by Rs 2,494, or 2.06 per cent in the past week, on the Multi Commodity Exchange (MCX). "The precious metal rallied ...

Tariffs on copper are not safeguard measures: US on India's claim in WTO

The US has rejected India's claim that the 50 per cent tariffs imposed by Washington on copper are safeguard measures under World Trade Organization (WTO) rules, stating there is no basis for New Delhi's proposal to suspend duty concessions on American goods. The tariffs were imposed on August 1. As India is an exporter of copper products to the US, it has sought consultations with the US on the matter under the WTO safeguard agreement in September. India has stated that the duties, although claimed to be taken for security interests, are safeguard measures. "These actions are not safeguard measures. Accordingly, there is no basis for India's proposal to suspend concessions or other obligations under...the Agreement on Safeguards with respect to these measures," according to a communication, dated November 6, from the US in response to India's notification. A WTO member may take a safeguard action (restrict imports of a product temporarily) under the WTO Agreement on Safeguards to

US Supreme Court to weigh legality of Trump's sweeping tariff powers

At issue is the legality of his signature economic policy: the use of emergency powers to impose sweeping tariffs on nearly every US trading partner

India watches as US President Donald Trump engages with East Asian leaders

The Directorate General of Foreign Trade (DGFT) announced the launch of Bharat Aayat Niryat Lab Setu

Markets flinch on Powell's hint of rate restraint, trade truce doubts

Fed's cautious tone and renewed trade concerns triggered profit booking, pulling Sensex and Nifty down even as indices stayed near record highs

50% Trump tariffs: Call on support measures hinges on trade deal

Both countries are negotiating a comprehensive resolution that addresses both the pending issues in their trade deal and Washington's concerns over New Delhi's continued purchase of Russian oil

Commerce secy Rajesh Agrawal-led team heads to US for trade talks

Commerce Secretary Rajesh Agrawal to lead delegation for India-US trade talks in Washington this week, as both sides aim to finalise the first phase of the BTA by fall 2025

MoS Kirti Vardhan Singh to represent PM at Gaza peace deal signing

Sergio Gor meets PM Modi and senior officials ahead of India's participation in the Trump-El Sisi-led Gaza peace summit, with talks focusing on trade and defence

Need sharper trade focus on Asia, neighbours: NITI CEO B V R Subrahmanyam

Says no sector should be protected and markets need to be opened up globally

US volatility reminded India of need to integrate with Asia: Erik Berglof

Lot of green mobility possibilities if there is more openness to Chinese tech

Trade to climate: Modi, Starmer set to discuss 'Vision 2035' this week

The two will also engage with businesses and industry leaders on opportunities presented by the India-UK CETA as a central pillar of the future India-UK economic partnership

India set to gain from US tariffs on timber, lumber, kitchen cabinets

Once implemented, the new tariffs, ranging from 10 per cent to 25 per cent, will replace the current 50 per cent duties that India is facing

India's vigorous new foreign policy playbook amid Trump tariff shock

The hefty tariffs slapped by Donald Trump have prompted New Delhi to double down on multipolarity, the new buzzword in international relations. This took PM Modi to rarely visited countries by leaders

India bets on EFTA, UK FTAs to offset US tariff hit on marine exports

Officials told a parliamentary panel that India's FTAs with EFTA and the UK will ease the impact of US tariffs on marine exports, while diversifying markets beyond America